The amount of effort and resources that’s required to collect taxes and catch cheaters is mind-boggling.
Many countries would benefit from simplifying the tax code, scrubbing a few loopholes. ie make it harder to cheat, cheaper to collect, so the resources get spent somewhere else.
I don’t think it’s always deficiencies in the tax code that they’re exploiting so much as complex networks of shell companies and offshore accounts to hide the income in the first place.
The amount of effort and resources that’s required to collect taxes and catch cheaters is mind-boggling.
Many countries would benefit from simplifying the tax code, scrubbing a few loopholes. ie make it harder to cheat, cheaper to collect, so the resources get spent somewhere else.
I don’t think it’s always deficiencies in the tax code that they’re exploiting so much as complex networks of shell companies and offshore accounts to hide the income in the first place.